For Sale Multi-Family MLS# 1041643

380 Crescent Street

Brooklyn, NY 11208

$6,500,000

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About 380 Crescent Street

Perfect—here’s a clean, investor-focused description for that City line property: Turn-Key 25-Unit Investment Property in City Line, Brooklyn An outstanding opportunity in the heart of Brooklyn—this well-maintained 25-unit brick building features 15 2 -bedroom and 10 1 Bedroom apartments, as well as 2 retail spaces ideal for steady rental demand. Tenants pay their utilities ( electric and cooking gas ) The building includes: A full basement with Additional storage rooms No elevator = lower maintenance Low operating expenses With a projected NOI of $816,000 creating a Net Cap Rate of 10.2%, this is an excellent choice for long-term investors or a 1031 exchange. Stable income, minimal overhead, and efficient building systems make this a true turnkey asset in one of Brooklyn’s steadily growing neighborhoods.

Property details

Property

Type
multi
Year built
1927
Living area
18,000 sqft
Price / sqft
$361
Lot
0.1148 ac
List date
Aug 21, 2026

Schools

District
New York City Department Of Education

Location

Subdivision
Cypress Hills
Neighborhood
Cypress Hills

Location

Neighborhood
Cypress Hills
School district
New York City Department Of Education

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Listed by EXIT Realty Central

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.